Segment Reporting (Schedule of Segment Reporting Information, by Segment) (Details) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2024 |
Sep. 30, 2023 |
Sep. 30, 2024 |
Sep. 30, 2023 |
Dec. 31, 2023 |
[1] | |||||
Segment Reporting Information [Line Items] | ||||||||||
Rental income | $ 63,318 | $ 62,255 | $ 191,265 | $ 188,505 | ||||||
Resident fees and services | 13,771 | 12,367 | 40,416 | 35,860 | ||||||
Interest income and other | 5,855 | 5,484 | 17,745 | 16,005 | ||||||
Total revenues | 82,944 | 80,106 | 249,426 | 240,370 | ||||||
Senior housing operating expenses | 10,744 | 10,045 | 31,494 | 29,525 | ||||||
Taxes and insurance on leased properties | 2,786 | 2,908 | 8,321 | 8,738 | ||||||
NOI | 69,414 | 67,153 | 209,611 | 202,107 | ||||||
Depreciation | 17,768 | 17,515 | 52,763 | 52,862 | ||||||
Interest Expense, Nonoperating | 14,939 | |||||||||
Interest | 14,939 | 15,086 | 44,663 | 43,308 | ||||||
Legal | 240 | 67 | 641 | 364 | ||||||
Franchise, excise and other taxes | 83 | 2 | (56) | 443 | ||||||
General and administrative | 4,810 | 4,430 | 15,318 | 14,390 | ||||||
Loan and realty losses | 3,434 | 1,959 | 4,550 | 1,727 | ||||||
Gains on sales of real estate, net | (102) | (737) | (1,718) | (13,500) | ||||||
Gain on operations transfer, net | 0 | 0 | 0 | (20) | ||||||
Other non-operating income | 0 | (202) | 0 | (202) | ||||||
Loss on early retirement of debt | 0 | 0 | 0 | 73 | ||||||
Gains from equity method investment | 0 | 0 | (402) | 0 | ||||||
Net income | 28,242 | 29,033 | 93,852 | 102,662 | ||||||
Total assets | 2,460,090 | [1] | 2,499,090 | 2,460,090 | [1] | 2,499,090 | $ 2,488,480 | |||
Operating Segments | Real Estate Investments | ||||||||||
Segment Reporting Information [Line Items] | ||||||||||
Rental income | 63,318 | 62,255 | 191,265 | 188,505 | ||||||
Resident fees and services | 0 | 0 | 0 | 0 | ||||||
Interest income and other | 5,743 | 5,337 | 17,428 | 15,727 | ||||||
Total revenues | 69,061 | 67,592 | 208,693 | 204,232 | ||||||
Senior housing operating expenses | 0 | 0 | 0 | 0 | ||||||
Taxes and insurance on leased properties | 2,786 | 2,908 | 8,321 | 8,738 | ||||||
NOI | 66,275 | 64,684 | 200,372 | 195,494 | ||||||
Depreciation | 15,168 | 15,211 | 45,218 | 46,064 | ||||||
Interest Expense, Nonoperating | 768 | |||||||||
Interest | 773 | 2,292 | 2,298 | |||||||
Legal | 0 | 0 | 0 | 0 | ||||||
Franchise, excise and other taxes | 0 | 0 | 0 | 0 | ||||||
General and administrative | 0 | 0 | 0 | 0 | ||||||
Loan and realty losses | 3,434 | 1,959 | 4,550 | 1,727 | ||||||
Gains on sales of real estate, net | (102) | (737) | (1,718) | (13,500) | ||||||
Gain on operations transfer, net | (20) | |||||||||
Other non-operating income | (202) | (202) | ||||||||
Loss on early retirement of debt | 0 | |||||||||
Gains from equity method investment | (402) | |||||||||
Net income | 47,007 | 47,680 | 150,432 | 159,127 | ||||||
Total assets | 2,180,153 | 2,218,699 | 2,180,153 | 2,218,699 | ||||||
Operating Segments | SHOP | ||||||||||
Segment Reporting Information [Line Items] | ||||||||||
Rental income | 0 | 0 | 0 | 0 | ||||||
Resident fees and services | 13,771 | 12,367 | 40,416 | 35,860 | ||||||
Interest income and other | 0 | 0 | 0 | 0 | ||||||
Total revenues | 13,771 | 12,367 | 40,416 | 35,860 | ||||||
Senior housing operating expenses | 10,744 | 10,045 | 31,494 | 29,525 | ||||||
Taxes and insurance on leased properties | 0 | 0 | 0 | 0 | ||||||
NOI | 3,027 | 2,322 | 8,922 | 6,335 | ||||||
Depreciation | 2,591 | 2,292 | 7,517 | 6,757 | ||||||
Interest Expense, Nonoperating | 0 | |||||||||
Interest | 0 | 0 | 0 | |||||||
Legal | 0 | 0 | 0 | 0 | ||||||
Franchise, excise and other taxes | 0 | 0 | 0 | 0 | ||||||
General and administrative | 0 | 0 | 0 | 0 | ||||||
Loan and realty losses | 0 | 0 | 0 | 0 | ||||||
Gains on sales of real estate, net | 0 | 0 | 0 | 0 | ||||||
Gain on operations transfer, net | 0 | |||||||||
Other non-operating income | 0 | 0 | ||||||||
Loss on early retirement of debt | 0 | |||||||||
Gains from equity method investment | 0 | |||||||||
Net income | 436 | 30 | 1,405 | (422) | ||||||
Total assets | 266,789 | 277,014 | 266,789 | 277,014 | ||||||
Non-segment/Corporate | ||||||||||
Segment Reporting Information [Line Items] | ||||||||||
Rental income | 0 | 0 | 0 | 0 | ||||||
Resident fees and services | 0 | 0 | 0 | 0 | ||||||
Interest income and other | 112 | 147 | 317 | 278 | ||||||
Total revenues | 112 | 147 | 317 | 278 | ||||||
Senior housing operating expenses | 0 | 0 | 0 | 0 | ||||||
Taxes and insurance on leased properties | 0 | 0 | 0 | 0 | ||||||
NOI | 112 | 147 | 317 | 278 | ||||||
Depreciation | 9 | 12 | 28 | 41 | ||||||
Interest Expense, Nonoperating | 14,171 | |||||||||
Interest | 14,313 | 42,371 | 41,010 | |||||||
Legal | 240 | 67 | 641 | 364 | ||||||
Franchise, excise and other taxes | 83 | 2 | (56) | 443 | ||||||
General and administrative | 4,810 | 4,430 | 15,318 | 14,390 | ||||||
Loan and realty losses | 0 | 0 | 0 | 0 | ||||||
Gains on sales of real estate, net | 0 | 0 | 0 | 0 | ||||||
Gain on operations transfer, net | 0 | |||||||||
Other non-operating income | 0 | 0 | ||||||||
Loss on early retirement of debt | 73 | |||||||||
Gains from equity method investment | 0 | |||||||||
Net income | (19,201) | (18,677) | (57,985) | (56,043) | ||||||
Total assets | $ 13,148 | $ 3,377 | $ 13,148 | $ 3,377 | ||||||
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- Definition Franchise, excise and other taxes No definition available.
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- Definition Litigation Settlement, Expense (Benefit) No definition available.
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- Definition This item represents the amount of loan and realty impairments net of any applicable gains or recoveries. No definition available.
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- Definition Senior Housing Operating Expenses No definition available.
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- Definition Amount of asset recognized for present right to economic benefit. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of gain (loss) on termination of lease before expiration of lease term. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net gain (loss) resulting from sales and other disposals of real estate owned for investment purposes. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate interest and fee income generated by: (1) loans the Entity has positive intent and ability to hold for the foreseeable future, or until maturity or payoff, including commercial and consumer loans, whether domestic or foreign, which may consist of: (a) industrial and agricultural; (b) real estate; and (c) real estate construction loans; (d) trade financing; (e) lease financing; (f) home equity lines-of-credit; (g) automobile and other vehicle loans; and (h) credit card and other revolving-type loans and (2) loans and leases held-for-sale which may include mortgage loans, direct financing, and sales-type leases. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest expense classified as operating and nonoperating. Includes, but is not limited to, cost of borrowing accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest income (expense) classified as operating. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of lease income from operating, direct financing, and sales-type leases. Includes, but is not limited to, variable lease payments, interest income, profit (loss) recognized at commencement, and lease payments paid and payable to lessor. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total of real estate taxes and insurance expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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